Microsoft Shares Hold Near $450 as Chip Stocks Sell Off

Microsoft shares remained resilient near $450 on June 5 while semiconductor stocks sold off, underscoring investor preference for its software and cloud exposure. The stock had jumped 5% to $450.24 on May 29 after the company highlighted its AI business reaching a $37 billion annual revenue run rate. The period featured an OpenAI revenue-sharing cap at $38 billion, leadership flattening around CEO Nadella, pursuit of AI startup acquisitions, and early talks for Anthropic to use Microsoft’s Maia chips, offset by Kenyan data-center delays and internal AI cost controls.